Sold for $550,000

Listed by: OFFERCITY HOMES • RUPI AZROT • Contact: 951-638-4477

Bought with: Nation One Realty Group Corp

$550,000

8644 Indiana Ave, Riverside, CA 92504

3beds

627sqft

Single Family Residence

Built in 1927

0.42 Acres Lot

$-- Zestimate^®

$877/sqft

$1,923 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,923/mo

Zestimate^® history

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What's special

This property, located in a prime spot on Indiana Blvd, features a sizable flat usable land that spans 0.42 acres. Additionally, there are two vacant lots, each measuring 0.14 acres, bringing the total land size to 0.70 acres. Observing the surrounding area highlights the potential of this location, as it's surrounded by numerous commercial businesses. Tenants currently reside on the property on a month-to-month basis; please refrain from disturbing them. The seller aims to find an investor interested in purchasing both this property and an adjacent one also on the market. The neighboring property, located at 8656 Indiana Ave, Riverside, has a listed price of $575,000 with LISTING ID: IV23171268. The seller's intention is to execute a 1031 exchange and prefers to sell all properties together, combining for a total of 1.35 acres across four lots. The sale will be "as is", with a preference for cash offers.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 1

Rooms

Room types: Bedroom, Converted Bedroom, Kitchen

Bedroom

Features: Bedroom on Main Level

Bathroom

Features: Bathroom Exhaust Fan, Bathtub, Tub Shower

Heating

Central

Cooling

Wall/Window Unit(s)

Appliances

Included: Built-In Range, Disposal
Laundry: Outside

Features

Balcony, Eat-in Kitchen, Bedroom on Main Level
Flooring: Carpet
Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: No Common Walls

Interior area

Total interior livable area: 627 sqft

Property

Parking

Total spaces: 1
Parking features: Boat, Driveway, Gravel, RV Access/Parking, Uncovered
Garage spaces: 1

Features

Levels: One
Stories: 1
Entry location: front
Patio & porch: Covered
Pool features: None
Spa features: None
Fencing: Chain Link
Has view: Yes
View description: None

Lot

Size: 0.42 Acres
Features: 0-1 Unit/Acre, Yard

Details

Additional parcels included: 231171015,231171014
Parcel number: 231171007
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Unknown
Foundation: Raised

Condition

New construction: No
Year built: 1927

Utilities & green energy

Electric: Standard
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Water Connected

Community & HOA

Community

Features: Sidewalks

Location

Region: Riverside

Financial & listing details

Price per square foot: $877/sqft
Tax assessed value: $560,999
Annual tax amount: $6,292
Date on market: 9/13/2023
Cumulative days on market: 37 days
Listing terms: Cash,Conventional,1031 Exchange
Road surface type: Paved

Price history

Date	Event	Price
12/4/2023	Sold	$550,000+10%$877/sqft
Source: CRMLS #IV23171673 Report a problem
10/23/2023	Pending sale	$500,000$797/sqft
Source: CRMLS #IV23171673 Report a problem
9/13/2023	Listed for sale	$500,000$797/sqft
Source: CRMLS #IV23171673 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,292 +3.4%	$560,999 +2%
2024	$6,085 +317.2%	$550,000 +339.1%
2023	$1,458 +1.8%	$125,258 +2%
2022	$1,432 +0.3%	$122,803 +2%
2021	$1,428 +0.7%	$120,396 +1%
2020	$1,417 +1.8%	$119,163 +2%
2019	$1,391 +1.9%	$116,827 +2%
2018	$1,365 +1.7%	$114,537 +2%
2017	$1,342	$112,292 +2%
2016	$1,342 +8.1%	$110,091 +1.5%
2015	$1,241 +1%	$108,440 +2%
2014	$1,229	$106,317 +0.5%
2013	--	$105,839 +2%
2012	--	$103,765 +2%
2011	--	$101,731 +0.8%
2010	--	$100,973 -0.2%
2009	--	$101,215 +2%
2008	--	$99,231 +2%
2007	--	$97,287 +2%
2006	--	$95,381 +2%
2005	--	$93,511 +58.8%
2003	--	$58,886 +2%
2002	--	$57,732 +2%
2001	$618 +76.5%	$56,601 +88.7%
2000	$350	$30,000